FedEx Co. (NYSE:FDX) Stock Position Decreased by Meitav Investment House Ltd.

Meitav Investment House Ltd. cut its holdings in FedEx Co. (NYSE:FDX - Free Report) by 58.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,724 shares of the shipping service provider's stock after selling 3,910 shares during the period. Meitav Investment House Ltd.'s holdings in FedEx were worth $766,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. bLong Financial LLC acquired a new stake in shares of FedEx during the 4th quarter worth $391,000. Virtu Financial LLC acquired a new stake in shares of FedEx during the 3rd quarter worth $3,405,000. Lodestone Wealth Management LLC acquired a new stake in shares of FedEx during the 4th quarter worth $461,000. Wedmont Private Capital increased its holdings in shares of FedEx by 4.1% during the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider's stock worth $631,000 after buying an additional 91 shares during the last quarter. Finally, GFS Advisors LLC acquired a new stake in shares of FedEx during the 4th quarter worth $26,855,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FedEx

In other news, Director Amy B. Lane purchased 333 shares of the company's stock in a transaction on Thursday, December 26th. The shares were bought at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the purchase, the director now owns 333 shares of the company's stock, valued at $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John W. Dietrich acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were bought at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the purchase, the executive vice president now directly owns 9,067 shares of the company's stock, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is owned by company insiders.

FedEx Stock Down 5.4 %

Shares of FDX stock traded down $14.49 during trading hours on Friday, hitting $253.97. 4,329,771 shares of the company were exchanged, compared to its average volume of 1,697,695. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The business's 50-day simple moving average is $271.34 and its two-hundred day simple moving average is $278.38. FedEx Co. has a one year low of $239.07 and a one year high of $313.84. The stock has a market capitalization of $61.17 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 1.10 and a beta of 1.18.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22 billion for the quarter, compared to analysts' expectations of $22.14 billion. During the same quarter last year, the company posted $3.99 earnings per share. FedEx's revenue was down .7% on a year-over-year basis. Sell-side analysts predict that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a $1.38 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.52 annualized dividend and a dividend yield of 2.17%. FedEx's payout ratio is currently 35.18%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FDX. BNP Paribas upgraded FedEx from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 16th. JPMorgan Chase & Co. upped their price objective on FedEx from $370.00 to $372.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. Stifel Nicolaus lowered their price target on FedEx from $368.00 to $364.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Barclays increased their price target on FedEx from $350.00 to $365.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Finally, Stephens lowered their price target on FedEx from $350.00 to $345.00 and set an "overweight" rating for the company in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, FedEx has an average rating of "Moderate Buy" and an average price target of $321.87.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.